DETROIT, MI, January 29, 2025 – American Axle & Manufacturing (AAM), (NYSE: AXL) is pleased to announce that it has reached an agreement with the board of the Dowlais Group plc (Dowlais), (LON: DWL) on the terms of a recommended cash and share offer to be made by AAM for the entire issued and to be issued ordinary share capital of Dowlais ...

Jan 29, 2025 · American Axle shares fell 2.8% to $5.66. The deal values Dowlais, maker of driveline systems and other automotive parts, at 85.2 pence per share, a premium of nearly 25% to the stock's close on ...

DETROIT, Jan. 29, 2025 /PRNewswire/ -- American Axle & Manufacturing (AAM), (NYSE: AXL) is pleased to announce that it has reached an agreement with the board of the Dowlais Group plc (Dowlais ...

Jan 29, 2025 · Under the deal, Dowlais owners will get 0.0863 new AAM stock, 42 pence per share in cash, and up to a 2.8 penny final dividend for fiscal year 2024. After the acquisition is complete, Dowlais ...

Jan 29, 2025 · --American Axle& Manufacturing, is pleased to announce that it has reached an agreement with the board of the Dowlais Group plc, on the terms of a recommended cash and share offer to be made by ...

Jan 29, 2025 · American Axle & Manufacturing has agreed to buy Dowlais Group for about $1.44 billion in a cash-and-shares deal that will result in another U.K. company leaving the London stock market.

Jan 29, 2025 · British automotive firm Dowlais Group has agreed to a £1.16 billion ($1.44 billion) cash-and-shares takeover by U.S. manufacturer American Axle & Manufacturing, the companies announced Wednesday. The transaction is expected to position the merged entity as a leading global supplier of automotive components. The boards of American Axle & Manufacturing Inc. …

Jan 30, 2025 · American Axle spun off from GM in 1996, nearly crashed during the recession and, with a $1.4 billion buy of UK's Dowlais, continues its growth.